Common use of Confirmation of Authority; Execution of Releases Clause in Contracts

Confirmation of Authority; Execution of Releases. Without in any manner limiting Agent’s authority to act without any specific or further authorization or consent by Lenders (as set forth in Section 9.2(h)(i)), each Lender agrees to confirm in writing, upon request by Agent or Borrower, the authority to release any Collateral conferred upon Agent under clauses (x) and (y) of Section 9.2(h)(i). Upon not less than five (5) Business Days’ prior written request by Borrower, Agent shall (and is hereby irrevocably authorized by Lenders to) execute such documents as may be necessary to evidence the release of the Liens granted to Agent upon such Collateral; provided, however, that (x) Agent shall not be required to execute any such document on terms which, in Agent’s opinion, would expose Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (y) such release shall not in any manner discharge, affect or impair the Obligations or any Liens upon (or obligations of any Loan Party, in respect of), all interests retained by any Loan Party, including the proceeds of any sale, all of which shall continue to constitute part of the Collateral.

Confirmation of Authority; Execution of Releases. Without in any manner limiting the Agent’s 's or Security Agent's authority to act without any specific or further authorization or consent by Lenders (as set forth in Section 9.2(h)(isubsection 11.12(a)), each Lender and Beneficiary agrees to confirm in writing, upon request by Agent or the Borrower, the authority to release any Collateral property covered by this Agreement or the Credit Documents conferred upon the Agent or Security Agent under clauses (x) and (y) of Section 9.2(h)(isubsection 11.12(a). Upon not less than five So long as no Event of Default is then continuing, upon receipt by Agent or Security Agent, as applicable, of confirmation from the Required Lenders, of its authority to release any particular item or types of property covered by this Agreement or the Credit Documents, and upon at least three (53) Business Days’ Days prior written request by the Borrower, the Agent or Security Agent, as applicable, shall (and is hereby irrevocably authorized by Lenders to) execute such documents as may be necessary to evidence the release of the Liens granted to the Agent or Security Agent, for the benefit of Lenders herein or pursuant hereto upon such Collateral; provided, however, that (x) Agent shall not be required to execute any such document on terms which, in Agent’s opinion, would expose Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (y) such release shall not in any manner discharge, affect or impair the Obligations or any Liens upon (or obligations of any Loan Credit Party, in respect of), all interests retained by any Loan Credit Party, including including, without limitation, the proceeds of any sale, all of which shall continue to constitute part of the Collateralproperty covered by this Agreement or the Credit Documents.

Confirmation of Authority; Execution of Releases. Without in any manner limiting Agent’s 's authority to act without any specific or further authorization or consent by Lenders (as set forth in Section 9.2(h)(iSECTION 8.2(H)(I)), each Lender agrees to confirm in writing, upon request by Agent or Borrower, the authority to release any Collateral conferred upon Agent under clauses (x) and (y) of Section 9.2(h)(iSECTION 8.2(H)(I). Upon not less than five receipt by Agent of any required confirmation from the Requisite Lenders of its authority to release any particular item or types of Collateral, and upon at least ten (510) Business Days’ ' prior written request by Borrower, Agent shall (and is hereby irrevocably authorized by Lenders to) execute such documents as may be necessary to evidence the release of the Liens granted to Agent upon such Collateral; providedPROVIDED, howeverHOWEVER, that (x) Agent shall not be required to execute any such document on terms which, in Agent’s 's opinion, would expose Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (y) such release shall not in any manner discharge, affect or impair the Obligations or any Liens upon (or obligations of any Loan Credit Party, in respect of), all interests retained by any Loan Credit Party, including the proceeds of any sale, all of which shall continue to constitute part of the Collateral.

Confirmation of Authority; Execution of Releases. Without in any manner limiting Agent’s authority to act without any specific or further authorization or consent by Lenders the Secured Parties (as set forth in Section 9.2(h)(i8.2(h)(i)), each Lender Secured Party agrees to confirm in writing, upon request by Agent or Borrower, the authority to release any Collateral conferred upon Agent under clauses (xA), (B) and (yC) of Section 9.2(h)(i)8.2(h)(i) above. Upon not less than five receipt by Agent of any required confirmation from the Requisite Lenders of its authority to release any particular item or types of Collateral, and upon at least ten (510) Business Days’ prior written request by Borrower, Agent shall (and is hereby irrevocably authorized by Lenders the Secured Parties to) execute such documents as may be necessary to evidence the release of the Liens granted to Agent upon such Collateral; provided, however, that (xA) Agent shall not be required to execute any such document on terms which, in Agent’s opinion, would expose Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (yB) such release shall not in any manner discharge, affect or impair the Obligations or any Liens upon (or obligations of any Loan Credit Party, in respect of), all interests retained by any Loan Credit Party, including the proceeds of any sale, all of which shall continue to constitute part of the Collateral.

Confirmation of Authority; Execution of Releases. Without in any manner limiting Agent’s 's authority to act without any specific or further authorization or consent by Lenders (as set forth in Section 9.2(h)(iSUBSECTION 8.2(H)(1)), each Lender agrees to confirm in writing, upon request by Agent or Borrower, the authority to release any Collateral property covered by the Security Documents conferred upon Agent under clauses (xi) and through (yiii) of Section 9.2(h)(iSUBSECTION 8.2(H)(1). Upon not less than five receipt by Agent of confirmation from the requisite percentage of Lenders required by SUBSECTION 8.2(H)(1), if any, of its authority to release or compromise any particular item or types of property covered by the Security Documents, and upon at least ten (510) Business Days’ Days prior written request by Borrower, Agent shall (and is hereby irrevocably authorized by Lenders to) execute such documents as may be necessary to evidence the release or compromise of the Liens granted to Agent, for the benefit of Agent and Lenders, upon such Collateral; provided, however, PROVIDED that (xi) Agent shall not be required to execute any such document on terms which, in Agent’s 's opinion, would expose Agent to liability or create any obligation or entail any consequence other than the release or compromise of such Liens without recourse or warranty, and (yii) such release or compromise shall not in any manner discharge, affect or impair the Obligations or any Liens upon (or obligations of any Loan Party, in respect of), all interests retained by any Loan Party, including (without limitation) the proceeds of any sale, all of which shall continue to constitute part of the Collateralproperty covered by the Security Documents.

Confirmation of Authority; Execution of Releases. Without in any manner limiting Agent’s 's authority to act without any specific or further authorization or consent by Lenders (as set forth in Section 9.2(h)(iSECTION 8.2(h)(i)), each Lender agrees to confirm in writing, upon request by Agent or Borrower, the authority to release any Collateral conferred upon Agent under clauses (x) and (y) of Section 9.2(h)(iSECTION 8.2(h)(i). Upon not less than five receipt by Agent of any required confirmation from the Requisite Lenders of its authority to release any particular item or types of Collateral, and upon at least ten (510) Business Days’ ' prior written request by Borrower, Agent shall (and is hereby irrevocably authorized by Lenders to) execute such documents as may be necessary to evidence the release of the Liens granted to Agent upon such Collateral; providedPROVIDED, howeverHOWEVER, that (x) Agent shall not be required to execute any such document on terms which, in Agent’s 's opinion, would expose Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (y) such release shall not in any manner discharge, affect or impair the Obligations or any Liens upon (or obligations of any Loan Credit Party, in respect of), all interests retained by any Loan Credit Party, including the proceeds of any sale, all of which shall continue to constitute part of the Collateral.